Russian Apex Bank Lifts Rates
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Russia’s Economy Minister Maxim Reshetnikov says the economy is expected to grow by an average of 3% in the period 2022-24, with the central bank raising interest rates to curb...
show moreThe ministry also upgraded its growth forecast for this year to 4.2% from 3.8%, as the economy recovers from the coronavirus pandemic and lower oil prices faster than expected.
The Russian Central Bank this month raised its key rate for the fifth time this year, to 6.75%, as it tries to bring inflation under control, and has signalled that more hikes are possible.
The ministry sees inflation returning to the central bank’s target of 4.0% next year and staying stable around that level through to 2024.
Information
Copyright 2024 - Spreaker Inc. an iHeartMedia Company